Dutch social investor, Oikocredit, has announced a new €2 million investment in Anatrans, a leading cashew nuts processor in Burkina Faso.
“This investment furthers Oikocredit’s strategy to support sustainable agri-processing companies with a view to benefitting smallholder farmers. This exciting partnership with Anatrans and TDG fits well with Oikocredit’s emphasis on social impact. Anatrans’s support of organic farming also aligns with Oikocredit’s commitment to safeguarding the environment,” said Evert Ludding, Oikocredit’s Equity Investment Manager for Africa.
Anatrans is one of Burkina Faso’s leading cashew processors. The company sources nuts from the local community and supplies fair trade, organic and conventional cashews to international markets. Anatrans benefits from the trading network of its main shareholder, Trade Development Group (TDG).
Through links with farmer groups and cooperatives, Anatrans maintains year-round relationships with 3,500 cashew producers. It has supported producer groups since 2008 by offering technical assistance in collaboration with NGOs.
Anatrans also employs approximately 1,500 people, and the new investment is expected to further create more jobs.
Oikocredit has over 40 years of experience funding organisations active in inclusive finance, agriculture and renewable energy. Oikocredit’s loans, investments and capacity building aim to enable people living on low incomes to sustainably improve their living standards. Oikocredit finances around 800 partners in 70 countries, with total outstanding capital of €971.5 million.
On his part, Harm Voortman, Anatrans’ CEO in Burkina Faso, said: “We are excited to partner with Oikocredit and to start a new chapter together. The investment by Oikocredit will allow Anatrans to expand its operations and to further its work in building a sustainable cashew value chain in Burkina Faso.”